Monday, June 14, 2010

Gatsby's latest idea

Comments (5)

If China wants to trade real stuff for paper with president's pictures on it, I say lets go. The only place that paper is worth anything is here. Go ahead and subsidize away, it worked so well when Japan tried that strategy in the 80's.

This is part of our nation's "we're stupid/crazy enough to do it" policy. If it backfires, of course, we enter the Great Depression II, but if it works, we get to continue to dig the hole for a few more years.

When Mr. Baucus said the United States was oriented toward process, while China was focused on results, Mr. Geithner replied, “China’s not going to become like the United States overnight." -- down another rabbit hole....

I'm not sure why Steve is so keen on the Chinese buying our goods. I'd rather trade pieces of paper for their goods. Your worry about the deficit in trade with them is misguided. It is like complaining that Starbucks never buys things from you, It all works out.

Road Work

Miles run year to date: 155
At this date last year: 241
Total run in 2015: 271
In 2014: 401
In 2013: 257
In 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269